The period of the pandemic has given a strong impetus to cloud services and to the server segment as a whole, as many sectors of the economy have forced employees to move to remote work, and the current macroeconomic downturn is beginning to affect this segment of the market, so that problems will not only occur in the consumer sector.
The largest cloud market players reported a one-by-one decline in revenue growth: Alphabet reduced it by 8 percentage points, Microsoft by 6 p.m., Amazon by 3 percentage points over the previous quarter. All three companies, according to Reuters, expressed a desire to operate the existing server equipment longer than usual for six years instead of the usual three.
In principle, Intel's server revenue in the last quarter has already fallen by 16% to $4.6 billion, falling short of market expectations of $2 billion.
Forrester Research experts explained that many participants in the server market had acknowledged their intention to reduce costs in the near future. Only developing segments of the market, such as autopilot systems in transport or metallurgical ecosystems, had some potential for growth.
According to Bloomberg, exports of components outside the United States have reduced in recent weeks by only 7.4 per cent, although it was expected to grow by 13.6 per cent three months ago. In 2023, half-conductor revenues could decline by 2.5 per cent at all. Deutsche Bank experts have predicted a recession in the United States since mid-2023; Wells Fargo analysts have identified the beginning of 2023 as the likely start of it, and Bloomberg Economics is generally convinced that the US economy is expecting a recession with a probability of 100 per cent in the next 24 months.